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Proposition 13: Difference between revisions
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imported>Tmccormick (Created page with " '''Proposition 13''' (officially named the '''People's Initiative to Limit Property Taxation''') was an amendment of the Constitution of California enacted in 1978, by means...") |
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=== 1. Limit the tax rate for properties: ===
<blockquote>Section 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.</blockquote> ▼
▲Section 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.
Proposition 13 declared property taxes were to be assessed their 1975 value and restricted annual increases of the tax to an inflation factor, not to exceed 2% per year. A reassessment of the property tax can only be made a) when the property ownership changes or b) there is construction done.
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== References ==
*Reisenwitz, Cathy. "[http://www.thebaycitybeacon.com/32740/289250/a/a-surprising-suggestion-for-the-prop-13-quagmire-guestopinion A Surprising Suggestion for the Prop 13 Quagmire [GuestOpinion].]" Bay City Beacon, May 22, 2017. http://www.thebaycitybeacon.com/32740/289250/a/a-surprising-suggestion-for-the-prop-13-quagmire-guestopinion.<br/>
*Wikipedia. "[https://en.wikipedia.org/wiki/California_Proposition_13_(1978) California Proposition 13 (1978)]." accessed 22 May, 2017, portions adapted to create initial version of this article.
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